The Case for Biodiversity Risk and Impact Disclosures

Launched in June 2021, the Taskforce on Nature-related Financial Disclosures (TNFD) aims to give companies and financial institutions a complete picture of their evolving nature-related risks and opportunities. It offers a framework to disclose their performance and act to support a shift in capital flows towards nature-positive outcomes. Two years on, what has been done and what is yet to come?

Learnings

• Why should businesses invest in assessing and reporting on their biodiversity strategies? Perspectives on building resilience in value chains, managing regulatory risks, boosting stakeholder confidence and more.
• How do Hong Kong and Asia come into play? How can we ensure that this global framework accounts for the unique needs and expectations for one of the world’s most biodiverse regions?

Post-Event Actions

• Consider how biodiversity loss, and the market and policy responses to it, pose risks and opportunities for your company and sector in terms of asset allocation and risk management.
• Further investigate the opportunities for your industry’s involvement in the developing stage of the TNFD framework.